Social Enterprise Management Annals

Questions: 1. Choose either an existing social enterprise or a new/proposed social enterprise for this task. Create a diagram that represents this social enterprise. Explain the contents of the diagram.2.Work with the same social enterprise you chose in the previous task. Create a PESTEL diagram for your chosen social enterprise. Position your original diagram representing the social enterprise in the centre of the PESTEL diagram. Explain the contents of your diagram. Answers: 1. Social enterprise represents an organization that initiates commercial strategies in order to maximize improvements in environmental and human well-being within the society. Social enterprise is relative new phenomenon that primarily focuses on providing as much benefit as possible with the enhancement of the profit level. In this study, the focus would be on Akina Foundation that has focused on supporting people and organizations to drive environmental and social changes. The organization has focused on enhancing the capabilities of other organizations so that they can manufacture products on large scale. Moreover, Akina Foundation also has helped financial support to other business entities so that they can able to handle market related challenges effectively (akina.org.nz, 2017). The business aim of Akina Foundation is to create more job opportunities within the New Zealand market. For that reason, it has always invested huge percentage of the profit on social enhancement persp ectives. The social enterprise perspectives of Akina Foundation are described through following Venn diagram: Figure 1: Social enterprise (Source: Battilana and Lee, 2014) The diagram highlighted different types of organizations including private sector, public sector and civic society organizations present in the market. Now, being a civic society organization, Akina Foundation has always focused on the economic development of the community, which has helped the organization to represent itself as a social enterprise. In fact, Akina Foundation has also focused on providing venture scale up support to other organizations so that it can create maximum job opportunities within the economy. Now, the above diagram also has highlighted a specific portion of public sector is non-profit organization. It primarily focuses on providing benefits to the society (Defourny Nyssens, 2012). However, these types of organizations cannot be considered as social enterprise, as it does not focus on generating revenue from the market. Thus, it has established the fact that social organizations will have to focus on generating revenue from the market. Otherwise, it would b e regarded as non-profit organizations that only looking to provide maximum help to all the society members. On the other hand, the above diagram also has highlighted the fact that a specific portion of the private organizations are also fall into the category of social enterprise. In the present time, many organizations have focused on providing superior level of support services to community so that it can go ahead on the root of prosperity. Now, the focus organization Akina Foundation has always tried to provide majority of the profit revenue for providing help in enlarging their scale of productions. In fact, Akina Foundation has also conducted different workshops for ensuring that all these organizations gather proper skill in running large size operational process in an effective manner (He, Zha Li, 2013). Akina Foundation also have focused on providing effective advisory services to different business entities in order to ensure they remain well accustomed with the advance t echnologies and also for providing proper information regarding the changing trends of the market. In fact, it has also provided advisory services to different start up organizations so that they can able to tackle initial challenges in an appropriate manner. 2. According to Muller (2012) PESTEL analysis is among the popular tools that allow organizations to assess present industry situation effectively. As a result, it would provide major assistance in developing business objectives and marketing strategies for achieving success in the desired market. Now, business objectives of social enterprises like Akina Foundation have always focused on providing maximum support services both financially and knowledge wise for ensuring success in the market. The PESTEL analysis of Akina Foundation is as follows: Political: Political factor reflects the degree to which government intervenes within the market sector. Political factors include different policies, rules and agreement that organizations need to follow for fulfilling the business objectives. Now, social enterprises always receive superior help and support services from all the government rules and regulations so that it can create positive impact on the well being of the society (Shabanova et al., 2015). For instance, New Zealand government has provided huge cut in the tax rate for ensuring the profit level of the organization remains at the higher level. Economical: Economic factor focuses on inflation rate, exchange rate and interest rate, as it can have massive impact on the overall profit level of a business entity. Now, New Zealand government has focused on developing separate rules and regulations for the social enterprises compared to any normal profit organization. For instance, companies like Akina Foundation have received huge amount financial support from the government so that they can able to establish its presence in the entire economy. Social: Social factor focuses on different demographic factors including population growth rate, health consciousness and age, as it can also have major impact on the overall business perspectives of the organizations. Specifically, as Akina Foundation is focusing on providing proper knowledge to the new business entities, it has become necessary to analyze the exact impact social factors can have on the business perspective. Moreover, social factors also help Akina Foundation for recruiting required amount of resources for fulfilling all the activities. Technological: As highlighted by Neuman and Robson (2012) technology is among the most significant factors that can have major impact on the overall profit level of the organization. Now, Akina Foundation has conduct different market survey for assessing the future trends of the business. For that reason, it has also had to include advance technologies for fulfilling all the business processes. Environmental: Environmental factors focuses on the aspects like climate change and weather, as it can have major impact on the business level of many sector. For that reason, Akina Foundation also will have to assess the kind of challenges it might have to face due to any change in the environmental condition. Moreover, it would also induce Akina Foundation to initiate changes in different advisory services. Legal: All the organizations have to maintain legislative rules and regulations for sustaining growth in future as well. Social enterprises like Akina Foundation also have to focus on the regulations like employment law, consumer law, health law and safety law for fulfilling all the business objectives. Figure 2: PESTEL analysis (Source: Ridley-Duff and Bull, 2015) References: akina.org.nz., (2017).?kina Foundation.?kina Foundation. Retrieved 28 February 2017, from https://akina.org.nz Battilana, J., Lee, M. (2014). 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